Ahmed Fahour has sensationally resigned from his position as the CEO and managing director of Australia Post.

Fahour’s decision to walk away from his role as the country’s highest paid civil servant comes less than a fortnight after he was roundly condemned for earning $5.6m a year, ten times more than the prime minister and the head of the US Postal Service

However Fahour says his resignation is his decision and not the result of political pressure.

Andrew Macaulay, CEO of PIAA says, “It’s a fantastic day for the print and mailing industry.  This is great news and should be a circuit breaker. Ahmed Fahour has bene obdurate in his refusal to communicate, engage or negotiate with his major customer, the print and mailing industry. The strategy Fahour has put in place has been damaging and has resulted in a fast decline of business mail volumes in Australia.”

Fahour leaves Australia Post in a substantially better financial position than his arrival, though the decision to increase the cost of letter mailing while halving the days of operations was met with scorn by print and mailing business, who have seen their activities curtailed under the AusPost strategy.

More to come…

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